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Stone Harbor Real Estate Activity Update for June 26 to July 6, 2009.

By
Real Estate Agent with Long & Foster Real Estate Inc.

 


There are currently 123 single family homes currently for sale in Stone Harbor ranging in price from $475,000 for a two bedroom home on Weber Court to $5,990,000 for a beach front home on 97th street.

Average list price is $2,184,885 and average time on market is 292 days.

There are two single family homes currently Under Contract.

356 89th street, a 3 bedroom,1 bath home on a 35x100 lot and listed at $990,000.

222 108th street a 3 bedroom,1 bath home listed at $998,000 .



Two single family homes SOLD in Stone Harbor in last 10 days
8128 Third Avenue,a 2 bedroom,1 bath home on a 40x60 lot and listed at $559,000 SOLD 7/1/2009 for $520,000

8704 Pennsylvania Avenue,a 3 bedroom,2 bath home on a 50x110 lot listed at $1,287,000 SOLD 6/30/2009 for $1,120,000




Stone Harbor NJ Condo Sale Activity June 26 to July 6 2009


There are currently 56 Stone Harbor condos currently for sale ranging in price from $194,500 for an efficiency unit at 10120 Third Avenue up to $1,725,000 for a 5 bedroom, 3.5 bath townhome with pool at 261 89th street.

Average asking price is $683,998
Average Days on the market - 310 days

Three Condos are now Under Contract in Stone Harbor

345 86th street, a 4 bedroom, 2 bath condo with bay views, listed for $899,000, goes to settlement 7/31/2009

8001 Second Avenue, a 2 bedroom,2 bath unit which is listed at $440,000 goes to settlement on 6/30/2009.

260 83rd street , a 4 bedroom, 2 bath unit listed at $729,000 goes to settlement 8/14/2009



The data for this market report is based on statistics provided from the Cape May County MLS (private sales are not included)

Interest rates continue to be in the 5% range for conforming loans. 6% for loans over $417,000 and just like the "old days", lenders want verification of income to qualify for the loan, and good credit.


If you are interested in purchasing a summer home, take advantage of the current market and send me an e-mail with your wish list. You'll be pleasantly surprised with the options available. There is something here now for everyone.

e~ mail me at Nancy@NancyMAlexander.com, or Call me! I love to talk Real Estate! Call my cell @ 609.425.7521  

Please visit The Address For Luxury Real Estate and see Hundred of Stone Harbor and Avalon Rental & Sale Properties at http://www.StoneHarborRealtor.com/. I'd love to be your Realtor.

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